Cosan S.A. (BVMF:CSAN3)

Cosan Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	43,555	43,951	39,468	39,323	24,907	13,509
Revenue Growth (YoY)	7.98%	11.36%	0.37%	57.88%	84.38%	-0.38%
Cost of Revenue	29,843	30,236	28,550	30,557	19,123	9,816
Gross Profit	13,712	13,715	10,919	8,766	5,784	3,693
Selling, General & Admin	4,565	4,421	3,879	3,034	2,215	1,934
Other Operating Expenses	-634	-1,550	-546.29	-223.75	-188.15	-92.74
Operating Expenses	3,931	2,871	3,332	2,811	2,027	1,841
Operating Income	9,781	10,843	7,586	5,955	3,757	1,851
Interest Expense	-7,480	-7,637	-4,921	-5,120	-3,768	-824.77
Interest & Investment Income	2,762	-	3,847	2,177	992.05	434.42
Earnings From Equity Investments	-2,722	489.05	2,046	326.72	4,720	598.72
Currency Exchange Gain (Loss)	-178.87	-5,741	1,777	260.75	-608.66	-1,613
Other Non Operating Income (Expenses)	-2,749	4,629	-3,333	-5,268	907.72	872.02
EBT Excluding Unusual Items	-585.86	2,583	7,003	-1,668	6,000	1,319
Gain (Loss) on Sale of Investments	-4,461	-4,672	-3,147	4,373	-	-
Gain (Loss) on Sale of Assets	146.51	-	-17.02	-13.04	6.77	-11.96
Asset Writedown	9.31	-3,155	2,260	1,312	17.12	-
Legal Settlements	-823.11	-	-985.25	-1,451	-540	-72.39
Other Unusual Items	444.37	-	-	99.34	416.27	-68.31
Pretax Income	-5,269	-5,245	5,114	2,653	5,900	1,167
Income Tax Expense	4,964	3,191	274.43	-118.4	-450.75	257.85
Earnings From Continuing Operations	-10,233	-8,436	4,839	2,771	6,351	908.81
Earnings From Discontinued Operations	273.88	273.88	45.42	49.85	-	-
Net Income to Company	-9,959	-8,162	4,885	2,821	6,351	908.81
Minority Interest in Earnings	-1,779	-1,262	-3,790	-1,645	-227.56	-56.96
Net Income	-11,738	-9,424	1,094	1,176	6,123	851.86
Net Income to Common	-11,738	-9,424	1,094	1,176	6,123	851.86
Net Income Growth	-	-	-6.94%	-80.79%	618.81%	-64.88%
Shares Outstanding (Basic)	1,860	1,880	1,867	1,869	1,835	1,542
Shares Outstanding (Diluted)	1,860	1,880	1,874	1,875	1,839	1,547
Shares Change (YoY)	-0.69%	0.30%	-0.01%	1.92%	18.92%	-2.14%
EPS (Basic)	-6.31	-5.01	0.59	0.63	3.34	0.55
EPS (Diluted)	-6.31	-5.01	0.58	0.63	3.33	0.55
EPS Growth	-	-	-6.86%	-81.17%	507.93%	-64.31%
Free Cash Flow	3,789	5,247	4,008	5,441	1,155	1,090
Free Cash Flow Per Share	2.04	2.79	2.14	2.90	0.63	0.70
Dividend Per Share	-	0.451	-	0.429	0.803	0.258
Dividend Growth	-	-	-	-46.61%	211.62%	-
Gross Margin	31.48%	31.20%	27.66%	22.29%	23.22%	27.34%
Operating Margin	22.46%	24.67%	19.22%	15.14%	15.09%	13.71%
Profit Margin	-26.95%	-21.44%	2.77%	2.99%	24.58%	6.31%
Free Cash Flow Margin	8.70%	11.94%	10.16%	13.84%	4.64%	8.07%
EBITDA	12,847	14,712	10,419	8,509	5,614	2,462
EBITDA Margin	29.50%	33.47%	26.40%	21.64%	22.54%	18.23%
D&A For EBITDA	3,066	3,869	2,832	2,554	1,857	610.63
EBIT	9,781	10,843	7,586	5,955	3,757	1,851
EBIT Margin	22.46%	24.67%	19.22%	15.14%	15.09%	13.71%
Effective Tax Rate	-	-	5.37%	-	-	22.10%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.